breakout_retest

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techtrail techtrail PVR, D, Long ,
PVR: PVR Limited: Constructive Price Action At Support
81 0 4
PVR, D Long
PVR Limited: Constructive Price Action At Support

The stock has been in a corrective mode off-late. Lot of interesting developments in the chart in the past few days. Price has bounced off the prior breakout zone. The correction has also been arrested at the medianline of the downsloping fork. Price action today is promising. A close today near the days high backed by volume spike will be a a welcome bullish ...

techtrail techtrail GRAPHITE, D, Long ,
GRAPHITE: Graphite India: Breakout & Retest
105 0 4
GRAPHITE, D Long
Graphite India: Breakout & Retest

This is an example of the simple concept of breakout & retest. Notice how price corrects hesitantly even as trading volume dries up. This is classic signature of a stock in an uptrend. Notice the breakout today with higher volume. Everything suggests buyers are active in the stock. Keep it in your watchlist.

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